The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-05-18
A Further Improvement in ths New York
Stock Market.
Fluctuations Being Small, Though a Few
Stocks Make Large Advances.
Railroad BINDS AetiVs-MOnsy Elsy-SIsrl-
ing Exchange Steady.
Local Wheat and Corn Markets Firm
Oats ActiVe-Rye Steady-Hay Firm
and In Fair Request.

NEW YORK. May 16.-MoneY on call easy at
to 5 per cent closing offered at per cent.
Prime Mercantile Paper-596 per cent.
Sterling Exchange-Duu but steady at 1874
for sixty day bills and 4s61z for demand.
The total sales Of stocks to-day were 247,276
shares. including the following: Canadian
Southern, S,765; Delaware, Lackawanna and
Western, s,222; Fort Worth and Denver, 5000;
Hooking Valley, 1O, S2S Lake Shore, S,797; Louis
vile and Nashville, 1880; Northwestern, $3.50;
New Jersey Central, 500; Oregon and Transcon-
tinental, $685. Reading. II 100; st. Paul, 49l:
St Paul and Omaha. S,IsG; Union Pacific. 9,610;
Western Union, $3.50.
The week opened on the Stock Exchange with
a quiet market, in which the bullish sentiment
predominated. The course OF prices was up
ward during the forenoon, and many stocks
reached higher figures than had before been
cen on the present advance. The limited buy
ng was of good quality, but the foreigners were
doing little or nothing except in Union Pacific
ard wabash preferred. The forenoon's i'm
provement, however, upon the circulation OF ru-
moTs OF labor riots In Chicago was nearly wiped
ut. To this effect free realizahons also aided,
but when the rumOTs were shown to be false,
further improvement was the immediate result.
The fluctuations in the majority OF the active
list were comparatively small, though few
stocks made large advances. Among these may.
be noted Marshall Coal, which was admitted to
dealing last week, and which is now being
subjected to manipulation. Others prominent
in the advance we're Rock Island and Pullman.
Others in the general list showing considerable
strength were Northwestern, Lake Shore and
Canada Southern, the latter being affected by
rumor that a traffic arrangement had been
siderable business over the road.
The opening was generally firm but there was
sn inclinstion to heaviness in the early trading
and slight loses were sustained. The market
quickly rallied under the lead OF Hooking VAL
fey snd Louisville and Nashville. The heavy
tone wss renewed before noon, however, Rock
Island being conspicuous exception. The
market became comparatively dull and so re-
NAMED during tie continuance of the depres.
sion, in " hieb jersey Central and Norfolk &
Western preferred were prominent. In the last
hour, upon somewhat more active trading
there wa fractional improvement and the
market closed moderately active and firm al
somewhat better than the opening figures.
Closing prices show few DECLINES for insight
nicant fractions while the great bulk of the list
are materially higher. Marshall Coal gained
81 MOCK IsIahu oIa' anu LOUISVILLE " NasHNIlIe
per cent.
Railroad bonds we're active to-day, sales aggre-
eating s4.1O7,oCO. The special feature was the
Atlantic and Pacific incomes, which were active
and strong upon the increased earnings of the
road and the fact that nothing but the first
mortgage is ahead of them. Their sales to-day
aggregated S1,192,O0O. Ohio Southern incomes
also attracted large smount of attention, their
sales reaching ss6S, goo. Though the market was
for the most part firm, considerable irregularity
was shown. Ohio Southern incomes rose 80 to
501(; Atlantic and Pacific incomes rs to 371z;
Alton and Terre Haute dividend bonds 215 to
45 Texas Central frsts to 50; l., B. and W.
Eastern division) skies % to e67s, and Lehigh
and Wi1kesbarre assented to ia.
Both Government and State bonds were duh
and steady to-day.